Making SHOWROOM an equity-method affiliate through a transfer of shares
First written in FY2021-Q1. 2 of 3 entries say "Cited as achieved", first in FY2021-Q2. Latest entry: FY2021-Q3.
1 other company's latest entry also says "Cited as achieved".
- FY2021-Q3Cited as achievedAnnual report
「Following the partial transfer of our holding in SHOWROOM株式会社 effective 30 June 2020, the company became our equity-method associate, and its results have not been included in segment results since the second quarter of the consolidated fiscal year.」
The fact that SHOWROOM changed from a consolidated subsidiary to an equity-method associate following the partial transfer of its shares is reiterated in the discussion of the live-streaming business results. - FY2021-Q2Cited as achievedAnnual report
「We transferred part of our shares in SHOWROOM株式会社, which operates a live video-streaming platform and related businesses, effective 30 June 2020. As a result, it changed from a consolidated subsidiary to an equity-method associate.」
The fact that SHOWROOM株式会社 changed from a consolidated subsidiary to an equity-method associate following the partial transfer of its shares effective 30 June 2020 is reiterated as a change in the business description. - FY2021-Q1First statedAnnual report
「Following the partial transfer of our holding in the company effective 30 June 2020, our ownership interest fell to 49.8% and we lost control of the company. It consequently became our equity-method associate. Since 2013, our group had operated SHOWROOM, a live video-streaming platform, but we proceeded with the share transfer to pursue further business development while deepening partnerships with numerous partner companies.」
We transferred part of our holding in SHOWROOM株式会社 effective 30 June 2020, changing its status from a consolidated subsidiary to an equity-method associate with an ownership interest of 49.8%. The consideration for the transfer was ¥1,000 million, and we recognized a gain on sale of shares in subsidiaries of ¥7,889 million, including the gain on fair value measurement of the retained interest arising from applying the equity method.